XML 12 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets [Abstract]    
Cash and due from banks $ 267,099 $ 82,931
Investment securities available for sale, at estimated fair value 33,922 37,329
Investment securities held to maturity (estimated fair value of $5,630 at September 30, 2017 and $6,419 at December 31, 2016) 5,681 6,500
Other investments 13,740 12,588
Loans 1,381,649 1,055,706
Deferred loan fees and unamortized costs, net (820) (1,160)
Allowance for loan and lease losses (15,075) (11,815)
Net loans 1,365,754 1,042,731
Accounts receivable, net 3,825 5,420
Receivable from prepaid card programs, net 6,977 7,566
Accrued interest receivable 3,903 2,735
Premises and equipment, net 6,010 5,035
Prepaid expenses and other assets 7,013 7,733
Goodwill 9,733 9,733
Total assets 1,723,657 1,220,301
Deposits:    
Noninterest-bearing demand deposits 826,345 403,402
Interest-bearing deposits 662,298 590,378
Total deposits 1,488,643 993,780
Borrowed Funds 43,750 78,418
Trust preferred securities 20,620 20,620
Subordinated debts, net of issuance cost 24,468  
Accounts payable, accrued expenses and other liabilities 20,411 10,901
Accrued interest payable 547 227
Debit cardholder balances 6,259 6,864
Total liabilities 1,604,698 1,110,810
Stockholders' equity:    
Class B preferred stock, $0.01 par value, authorized 2,000,000 shares, issued and outstanding 272,636 at September 30, 2017 and 272,636 at December 31, 2016, respectively 3 3
Common stock, $0.01 par value, authorized 10,000,000 shares, issued and outstanding 4,633,012 at September 30, 2017 and 4,604,563 at December 31, 2016 45 45
Additional paid in capital 96,422 96,116
Retained earnings 22,536 13,492
Accumulated other comprehensive loss, net of tax effect (47) (165)
Total stockholders' equity 118,959 109,491
Total liabilities and stockholders' equity $ 1,723,657 $ 1,220,301